Uranium miner Paladin Energy says Malawi drying and packaging plant off-line

Date:

CEO John Borshoff Paladin Energy. Australian uranium miner Paladin EnergyPERTH (miningweekly.com) – Uranium miner Paladin Energy on Monday reported that the drying and packaging plant at the Kayelekera uranium operation, in Malawi, was temporarily off-line owing to a planned maintenance shutdown.

CEO John Borshoff said that plans were in place to divert Kayelekera concentrates through the Langer Heinrich operations, in Namibia, for final drying and packing en route to export from Walvis Bay, in the normal manner.

All Kayelekera concentrate was currently exported from Walvis Bay and could easily be diverted to the Langer Heinrich operation, the miner said.

The Langer Heinrich operation had sufficient reserve capacity in its drying and packing plant to process the Kayelekera concentrate, until the Malawi plant was recommissioned.

The short-term changes to the final drying and packaging of Kayelekera concentrate was not expected to impact the company’s production guidance for the 2012 financial year, which was currently estimated at between 7.4-million and 7.9-million pounds.

Paladin recently executed a $141-million project finance facility for the Stage 3 expansion of its Langer Heinrich mine, which would increase production from 5.2-million pounds a year to 3.7-million pounds a year. The project was on track to reach nameplate capacity by the first quarter of 2012.

(Visited 16 times, 1 visits today)

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Man Goes Viral For Swimming From One City To Another

An American man has set the internet abuzz following...

Senior Chief Symon of Neno district Dies

Death has been announced of Senior Chief Symon of...

Bad Weather Forces Govt To Suspend Schools

Government through the Ministry of Education has temporarily suspended...

Kalawe Fires Shots On Malawian Celebrities

Hip-hop star Kalawe has poured hot water on so-called...